Philippines

Country profiles
Country profiles

Philippines

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 60
  • Tax loss each year to tax havens: $2,135,295,746
  • Tax loss inflicted on other countries: $153,583,169

Country profile

Tax abuse losses

$2,135,295,746

lost in tax every year to global tax abuse

$1,877,619,568

lost to tax avoidance committed by multinational corporations

$257,676,178

lost to tax evasion committed by private individuals

  • Equivalent to 4.73% tax revenue (tax revenue in 2020 : $45,125,648,964 trillion)
  • Equivalent to loss of $20 per member of population (Population: 104,668,913.75)
  • Greater than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 1.48%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#60

Global Rank (First is Worst)

62.85/100

Haven Score (100 is Worst)

0.59%

Share of global tax secrecy

Harm to other countries

$153,583,169

in tax lost by other countries

$153,583,169

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.04% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
12,176 nurses

Social impact of lost tax

Tax loss equivalent to 50.71% of health budget
Tax loss equivalent to N/A of education spendings
Suffered tax loss equivalent to paying yearly salaries of
627,283 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 64.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Netherlands (24.8%)
Japan (23.2%)
United States (11.3%)

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